Pfizer forecasts 2016 revenue, earnings below estimates

February 2, 2016 12:55 PM

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Pfizer forecasts 2016 revenue, earnings below estimates

U.S. drugmaker Pfizer Inc (PFE.N), which is in the process of buying Botox-maker Allergan Plc (AGN.N) for $160 billion, forecast 2016 revenue and earnings below analysts' estimates, citing generic competition and a strong dollar.

The company said it expects reported revenue of $49 billion-$51 billion for the full year and adjusted earnings of $2.20-$2.30 per share.

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